commercial paper
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 74 U.S. 666 - The Floyd Acceptances · 1868Most cited · 235 citing opinions
that class of paper which is transferable by indorsement or delivery, and between private parties, is exempt in the hands of innocent holders from inquiry into the circumstances under which it was put in circulation
How often courts cite the cases defining “commercial paper”
Court decisions citing the 2 opinions that defined “commercial paper” — 304 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1868–1872
Such instruments transferred before maturity to a bona fide purchaser leave behind them all equities and inquiries into consideration and the conduct of parties; and become, in the hands of an innocent holder, clean obligations to pay, without any power on the part of the municipality to demand any inquiry as to the justice or legality of the original claim, or to plead any corrupt practice of the parties in obtaining the security